1. Ask yourself do you really want to take trading as a profession
Do
not get excited seeing Big Profit shown on Social media by fellow
traders. Do not get excited when someone tell you i am having a system
which has 80% success ratio. Well all these can be true but the Million
Dollar Question, Do you have the right mindset to trade. Are you
comfortable seeing Losses, Are You mentally tough.
Before you can
develop persistence and eventually achieve success in the tough trading
game, you need to first identify if this is truly what you want to do.
If you are only doing this for the money then the odds of you making it
through the learning process is very slim. You have to be ‘foolish’ enough through your initial losses to believe that you can rise to the top 5% of profitable traders.
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